Highly recommended global equity fund launches in Australia
Global investment manager, T. Rowe Price, has launched an Australian dollar hedged version of its global equity fund, the T. Rowe Price Global Equity (Hedged) Fund, which carries a ‘highly recommended' Lonsec rating.
T. Rowe Price managing director, Australia and New Zealand, Murray Brewer, said it allowed Australian investors access to a high conviction, truly global equity portfolio that was protected against Australian dollar movements.
"Australian advisers and investors well know the importance of accessing international equities, however many have legitimate concerns about the impact of currency movement on their portfolio," he said.
The global equity (hedged) fund invested in high quality stocks over 30 countries, while it was hedged against currency movements.
The underlying T. Rowe Price Global Equity Fund was managed by Baltimore-based Scott Berg, who targeted companies around the globe with strong and sustainable growth characteristics, according to the fund manager.
The Australian version of the fund was now available on Pursuit Select, IOOF's employer super platforms, and IOOF's portfolio service.
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